Math

QuestionA car dealership reduced a car's price by 6%6\% from the original price of \$49,600.
(a) New price = ×\square \times Original price.
(b) Find the new price.

Studdy Solution

STEP 1

Assumptions1. The original price of the car is $49,600. The price is decreased by6%

STEP 2

First, we need to express the decrease in price as a percentage of the original price. This is done by subtracting the percentage decrease from100%.
Newpricepercentage=100%DecreasepercentageNew\, price\, percentage =100\% - Decrease\, percentage

STEP 3

Now, plug in the given value for the decrease percentage to calculate the new price percentage.
Newpricepercentage=100%6%New\, price\, percentage =100\% -6\%

STEP 4

Calculate the new price percentage.
Newpricepercentage=100%6%=94%New\, price\, percentage =100\% -6\% =94\%

STEP 5

Convert the percentage to a decimal value.
94%=0.9494\% =0.94So, the new price is0.94 times the original price.

STEP 6

Now, we can use the new price percentage to calculate the new price of the car. This is done by multiplying the original price by the new price percentage.
Newprice=OriginalpricetimesNewpricepercentageNew\, price = Original\, price \\times New\, price\, percentage

STEP 7

Plug in the values for the original price and the new price percentage to calculate the new price.
Newprice=$49,600times0.94New\, price = \$49,600 \\times0.94

STEP 8

Calculate the new price of the car.
Newprice=$49,600times0.94=$46,624New\, price = \$49,600 \\times0.94 = \$46,624The new price of the car is $46,624.

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